Posts Tagged ‘diversity certification’
Making Supplier Diversity Work
While the number of small and diverse business enterprises is growing dramatically, companies are consolidating their supply chains as they seek to reduce cost and increase revenue. Healthy economies require strong small and MWBE businesses to create jobs, products or deliver services, so it is necessary to encourage the use of these small and MWBE to build reliable, viable supplier relationships .
Read MorePreparing the Personal Net Worth Statement
In many ways, the personal net worth statement is similar to your business’s balance sheet. It is a snap shot of your financial standing at a particular moment in time. It is used by certifiers to help determine social and economic disadvantage.
Read MoreTwo Little Words
Small diverse businesses can be particularly vulnerable to requests for MWBE procurement participation when lack of transparency is at issue. You can use these guidelines to help protect your business.
Read MoreSpotlight on NGLCC
In 2002, Justin Nelson and Chance Mitchell founded the National Gay and Lesbian Chamber of Commerce (NGLCC). NGLCC’s stated mission is to advocate for and provide a “direct link between LGBT [Lesbian, Gay, Bi-Sexual, or Transgender] business owners, corporations and government”.
Read MoreSpotlight on NMSDC
NMSDC is now comprised of 37 regional councils, 3,500 corporate members and more than 16,000 MBE (Minority Business Enterprise) certified firms.
Read MoreCurious About the SBA?
“The essence of the American economic system of private enterprise is free competition.” ~ Small Business Act of 1953.
Read MoreWhat’s Tiered Contracting?
A two-tier contracting relationship happens when the end client has one or more prime vendors and requires non-prime vendors to subcontract through a prime.
Read MoreMaintaining Your Certification
Getting certified is just the first step. Next comes maintenance of that certification. Virtually all certifiers state that they MUST BE notified – usually in writing – within 30 days of any major change in your business.
Read MoreWe’re Certified – Now What?
While holding a diversity certificate does not guarantee the company sales, it is a tool that can be used to open doors to opportunities, increase visibility and build relationships.
Read MoreWhat is Behind a Site Visit?
Don’t be intimidated by or worry about a site visit. We’ve been visited a lot … 14 certifications worth! The visits have been about confirming information and they give the certifying organization an opportunity to explore and understand the business first hand.
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